Health insurance

Health insurance is rising in popularity due to the increasing cost of medical expenses. Did you know medical inflation is at an alarming rate of 14% per annum?1 That further makes it crucial for people to purchase a health insurance policy. The purpose of a health insurance plan is to provide you with peace of mind and financial cushion in times of medical needs. You no longer have to stress over arranging liquid funds for medical treatments. Your insurer is there to take care of the bills.

Health insurance premiums, however, remain a major concern for anyone who plans to purchase a health plan. Depending on the health insurance provider you choose, the premium may differ. That's because the premium is affected by multiple factors. Let's discuss these for more clarity.

Critical illnesses don’t knock before entering—they arrive unannounced, shaking the very foundation of our health, finances, and peace of mind. Fortunately, critical illness insurance offers a financial safety net when life takes an unexpected turn. But when the time comes to file a claim, many policyholders find themselves lost in paperwork and jargon.

In this guide, brought to you by Jio Insurance Broking, we’ll break down the process of claiming critical illness insurance in simple steps. Because the last thing you should worry about during a medical crisis is the paperwork.

In today's fast-paced world, securing one's health has become more crucial than ever. With rising medical costs and the unpredictability of health issues, having a robust health insurance plan is essential. Among the various options available, multi-year health insurance plans have gained significant popularity. These plans offer coverage for extended durations, typically ranging from two to five years, providing policyholders with numerous benefits. In this article, we will delve into the top reasons why opting for a multi-year health insurance plan could be a prudent decision.

Recently, when Shaima Raza was rushed to a hospital for an emergency surgery, her parents expected a hefty upfront bill. But all they had to do was present Shaima’s health insurance card, and with just a few formalities, the medical bills were settled directly by the medical insurance company.

This is how a cashless medical loan works. A few simple steps, and you can get medical treatment and services without having to pay a hefty upfront fee. But that’s not all you need to know about cashless claim settlement. You must understand its meaning, importance, and process in detail for a seamless experience during times of need.

Recently, when Sneha’s father had to be admitted to the hospital for abdominal pain surgery, Sneha was informed by the hospital about expenses incurred on room rent, doctor consultation, diagnostic tests, surgery costs, and more. All these and related medical services fall under the IPD (In-Patient Department). Fortunately, Sneha’s father had a health plan with IPD coverage, and the insurer covered the expenses.

Understanding medical terms like IPD is crucial. It ensures that you are aware of the hospital process during times of need and that you choose a health plan with coverage for IPD care.

When hospital beds become unavailable during times of medical emergency and patients require long-term medical care, are they left with no medical assistance? Thankfully, no, they can get domiciliary hospitalisation: medical care at home. Getting such medical assistance becomes simpler with domiciliary hospitalisation cover under health insurance.

Hospitalisation doesn’t always mean staying within the four walls of a hospital; it can also mean being treated at home. However, when buying health insurance, many focus on getting coverage for room rent and network hospitals. Domiciliary hospitalisation cover is crucial, as it can make medical treatment at home not only convenient but also affordable. Read on to understand the domiciliary claim meaning.